Hussain Sajwani was born in 1954 from a humble background family in Dubai. His mother was a hawker of fabric while his father owned a small shop where he sold watches and pens imported from China. Ever since he was young, he was a visionary and used to help his father in the shop most of the time. He gained the entrepreneurial skills while he was young. He was lucky enough to get a government scholarship to the United States where he studied Industrial Engineering and Economics at the University of Washington.
After acquiring his undergraduate degree, he got a job with an Abu Dhabi Gas Company where he worked in the finance sector for some time. Since he was destined to flourish, Hussain Sajwani started his venture in 1982, under the name DAMAC. It was a catering venture and among his first clients was the United States Military. Despite the ups and downs during his long journey, his hard work and skills have led to the establishment of DAMAC Group. Hussain Sajwani owns ZDICO investment and Al Jazeira services.
Currently, the DAMAC Owner is the not only the executive chairman but also the chief executive officer of DAMAC properties as well as the chairman of all the affiliates of the DAMAC Group. The DAMAC Owner has a net worth of about four billion dollars.
DAMAC Properties is one of the most significant development firms in the Middle East but also around the world. His venture has expanded to Europe as well. With 19,000 apartments it was started, and other 44,000 units under construction, the company has enormous assets. One of its projects includes a golf course that was designed by Tiger woods and owned by the Trump Organization. Furthermore, the company was publicly listed under the Dubai Financial Market.
Corporate Social Responsibility
Through the DAMAC Foundation, the DAMAC Owner sponsored one million young Arabs with the help of the Dubai ruler, Sheikh Mohammed bin Rashid Al Maktoum. Together, they helped in equipping young Arabs with free software skills through training. The initiative was known as one million Arab Coders Initiative.